Ultimate Products (LON:ULTP) Rating Reiterated by Shore Capital

Shore Capital reaffirmed their house stock rating on shares of Ultimate Products (LON:ULTP) in a report published on Tuesday morning, Marketbeat Ratings reports.

Separately, Canaccord Genuity Group reissued a buy rating and issued a GBX 182 ($2.39) price target on shares of Ultimate Products in a research note on Tuesday.

Ultimate Products Price Performance

Shares of LON:ULTP opened at GBX 144 ($1.89) on Tuesday. Ultimate Products has a 1 year low of GBX 118 ($1.55) and a 1 year high of GBX 185.50 ($2.44). The business’s 50-day moving average is GBX 140.91 and its 200-day moving average is GBX 147.55. The company has a market capitalization of £123.81 million, a price-to-earnings ratio of 1,028.57 and a beta of 1.39.

Insiders Place Their Bets

In other news, insider Simon Showman sold 45,720 shares of the firm’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of GBX 137 ($1.80), for a total value of £62,636.40 ($82,362.13). In related news, insider Simon Showman sold 45,720 shares of the stock in a transaction on Thursday, July 25th. The stock was sold at an average price of GBX 137 ($1.80), for a total value of £62,636.40 ($82,362.13). Also, insider Chris Dent purchased 1,780 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were acquired at an average price of GBX 140 ($1.84) per share, with a total value of £2,492 ($3,276.79). Corporate insiders own 57.07% of the company’s stock.

Ultimate Products Company Profile

Ultimate Products Plc, together with its subsidiaries, supplies branded homeware products in the United Kingdom, Germany, Rest of Europe, and internationally. The company offers a range of durable household products, including vacuum cleaners, food prep, storage solutions, and airers, as well as fans, heaters, and electric fires under the Beldray Brand; cookware, kitchen electrical, and scale products under the Salter brand; audio products under the Intempo brand; non-electrical kitchen and laundry products under the Russell Hobbs brand; and travel luggage and accessories under constellation and ZFrame brands.